News

Report: Total online Thanksgiving Day sales to top $1 billion
Wilmington, Del. -- Total online Thanksgiving Day sales will top the $1 billion mark this year for the first time ever, increasing year-over at least 23.4%, with most purchases made after 6 p.m., according to BestBlackFriday.com, a website providing information regarding holiday sale pricing, shopping tips and news.
B&G Foods names Cantwell CEO
Branded packaged food supplier B&G Foods elevated EVP and CFO Robert Cantwell to the role of CEO effective Jan. 1.

Cantwell, 57, a long time B&G employee, succeeds David Wenner, 64, in the top job following Wenner’s decision earlier this year to retire. Wenner will remain on the board and the company has begun a search for a new CFO.

ICSC: Holiday shopping to begin early; electronics to be most popular gift

New York -- Holiday shopping is going to start early this year, according to the International Council of Shopping Centers’ latest consumer tracking survey. About 35% of consumers have or will have started their holiday shopping by the end of October. Roughly three out of five shoppers will begin shopping by Thanksgiving this year, and by the end of the Thanksgiving weekend 86% will have started making purchases.
SGI releases tool to scale SAP HANA

Milpitas, Calif. –- SGI, a provider of data analytics solutions and an SAP global technology partner, has introduced SGI UV for SAP HANA. It is a purpose-built, in-memory computing appliance for growing environments running the SAP HANA platform.
eBay enables more commerce in Q3

Enabled commerce volume at eBay surged 27% in the company’s third quarter with cross border trade showing particular strength, but it wasn’t enough to prevent the company from revising downward its full year outlook.
Gap approves $500 million share buyback program

San Francisco –- Gap Inc. has approved a new $500 million share repurchase authorization for the company’s common stock, in an effort to return excess cash to shareholders. The new $500 million repurchase program for Gap’s stock follows the company’s previous $1 billion share repurchase program.
Price investments hinder Supervalu profits

Supervalu president and CEO Sam Duncan is encouraged with the progress the retailer is making and why not. Identical store sales in the company’s Save-A-Lot units were up 6.5% in the second quarter.

The company’s total sales for the period ended September 6, increased 1.8% to $4.02 billion while profits declined to $31 million, or 11 cents a share, from $40 million, or 15 cents a share. When adjusted for some non-recurring items, second quarter earnings were $34 million, or 13 cents a share.
NRF: Per-person holiday spending to rise 5%, with 44% of shopping done online

Washington, D.C. -- The average person celebrating Christmas, Kwanza and/or Hanukkah will spend $804.42, up nearly 5% from 2013’s actual $767.27, according to the National Retail Federation’s 13th annual Holiday Consumer Spending Survey, conducted by Prosper Insights & Analytics. In other results, the average shopper plans to do 44% of their holiday shopping online, the most in the survey’s history.
Bonial eyes development of Retale brand

Retail advertising solutions provider Bonial International, parent company of Retale, has placed several executives in key roles as it looks to disrupt the traditional retail advertising universe.

Dan Cripe was name chief technology officer and Andrea Francesco Domeneghini was named chief marketing officer at Bonial and will be based in the company’s Berlin headquarters.
Survey: 63% of online shoppers never familiar with Alibaba

Los Angeles -- More than half (63%) of U.S. online shoppers are not familiar with Chinese e-commerce giant Alibaba.com, according to a survey by Bizrate Insights, a division of Connexity (formerly Shopzilla).

Interestingly, respondents not familiar with the Alibaba brand or website skewed toward younger generations and women (who traditionally are the decision makers behind the lion’s share of retail).